NIFTY FUTURE (JAN) INTRADAY LEVELS

NIFTY FUTURE(JAN)

EXPECTED HIGH 3:5198.00

EXPECTED HIGH 2:5062.65

EXPECTED HIGH 1:5031.00

HURDLE:4955.65

EXPECTED LOW 1:4924.00

EXPECTED LOW 2:4848.60

EXPECTED LOW 3:4817.00

INTRADAY STRATEGY 

BUY AT LOWER LEVELS

TECHNICAL VIEW

TECHNICAL TREND: UP

MAS:BUY + IS:HEAVY BUY= SUMMARY:HEAVY BUY

RSI(14) 62.453 Buy

STOCH(9,6) 77.574 Buy

STOCHRSI(14) 95.658 Overbought

MACD(12,26) 33.176 Buy

ADX(14) 21.785 Buy

Williams %R -5.149 Overbought

CCI(14) 142.2173 Buy

ATR(14) 81.2143 Less Volatility

Highs/Lows(14) 127.1964 Buy

Ultimate Oscillator 71.720 Overbought

ROC 6.320 Buy

Bull/Bear Power(13) 232.9640 Buy

NIFTY ANALYST VIEW

on crossover above 4990 NIFTY FUTURE 
will go up to 5019.

If breaks this level with volumes then next level is 5052.

If NIFTY FUTURE is not crossing yesterday’s high and 
remains below 4968 then first support will be 4951. 

Below 4951, 
4925-4912 are good supports.

Break below this level will indicate first sign of weakness.

Remaining below 4912 will take NIFTY FUTURE to 4879.

If NIFTY FUTURE is breaking this level with volumes and remains below this level for 10-15mins then we see sharp fall in the market.

Alert

We are in bear market, 
now be cautious at higher level. 
NIFTY FUTURE has spent already six days at upper end of Bollinger band. (–ve) divergence persist in hourly chart. 
Yesterday was 13^th day from the low of 4592.40 so today’s high or yesterday’s high will be crucial for the market.

YESTERDAY VIEW